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514 Walnut Ave 514 Walnut Ave 12 Unit Apartment Building $2,185,000 ($182,083/Unit) 8.09% Cap Rate Syracuse, NY 13210
Investment Highlights
- Outstanding location
- High Ceilings
- Newly renovated apartments while keeping the original character.
Executive Summary
Outstanding location walking distance to Syracuse University. Turn-key investment. Upside on the rents without a requirement for additional improvements.
Extremely well located 12 unit fully renovated apartment building steps to the Syracuse University Campus. 8 one bedroom apartments and 4 two bedroom apartments. This can be bought separately or together with up to another 4 buildings with with a total of 34 apartments (54 beds) and 4 storefronts. walking distance to Syracuse University. These apartments all have updated kitchens, bathrooms, floors, windows. Many apartments have high ceilings and washer/dryer in-unit, internet to each apartment and balconies. Tear off roof in 2012 with 30 year architectural shingles, 2025 building on-demand hot water system, new common area flooring and carpeting and laundry facilities (for the 3 apartments that do not have in-unit laundry). Same owner for 20 years.
Financials available after sending in NDA attached to this listing
Extremely well located 12 unit fully renovated apartment building steps to the Syracuse University Campus. 8 one bedroom apartments and 4 two bedroom apartments. This can be bought separately or together with up to another 4 buildings with with a total of 34 apartments (54 beds) and 4 storefronts. walking distance to Syracuse University. These apartments all have updated kitchens, bathrooms, floors, windows. Many apartments have high ceilings and washer/dryer in-unit, internet to each apartment and balconies. Tear off roof in 2012 with 30 year architectural shingles, 2025 building on-demand hot water system, new common area flooring and carpeting and laundry facilities (for the 3 apartments that do not have in-unit laundry). Same owner for 20 years.
Financials available after sending in NDA attached to this listing
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$176,732
|
$13.47
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $176,732 |
| Annual Per SF | $13.47 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Views
- Wi-Fi
- Attic
- Basement
- Double Pane Windows
- Porch
- Smoke Free
- Vinyl Flooring
Site Amenities
- Controlled Access
- Laundry Facilities
- Furnished Units Available
- Gas Range
- Recycling
- Smoke Free
- Community-Wide WiFi
- Public Transportation
- Private Bathroom
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 456 - 595 |
| 2+1 | 4 | - | 600 - 695 |
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 311500-048-000-0011-008-000-0000 | Improvements Assessment | $0 (2024) |
| Land Assessment | $23,800 (2024) | Total Assessment | $23,800 (2024) |
Property Taxes
Parcel Number
311500-048-000-0011-008-000-0000
Land Assessment
$23,800 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$23,800 (2024)
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514 Walnut Ave | 514 Walnut Ave
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